As of Thursday close, Duke Energy Corporation’s (NYSE:DUK) stock was down -$2.16, moving down -2.33 percent to $90.37. The average number of shares traded per day over the past five days has been 2,613,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.07 fall in that time frame. In the last twenty days, the average volume was 2,509,225, while in the previous 50 days, it was 2,859,160.
Since last month, DUK stock retreated -1.35%. Shares of the company fell to $88.57 on 07/10/23, the lowest level in the past month. A 52-week high of $113.67 was reached on 01/09/23 after having rallying from a 52-week low of $83.76. Since the beginning of this year, DUK’s stock price has dropped by -12.25% or -$12.62, and marked a new high 4 times. However, the stock has declined by -20.50% since its 52-week high.
DUK stock investors should be aware that Duke Energy Corporation (DUK) stock had its last reported insider trading activity 172 days ago on Feb 13. Renjel Louis E., the SVP, External Affairs & Comm of the company, disposed of 1,900 shares for $99.90 on Feb 13. It resulted in a $189,812 divestment by the insider. YOUNG STEVEN K sold 415 shares at an average price of $100.84 on Dec 01. The insider now owns 111,997 shares following the transaction. On Nov 10, EVP & Chief Operating Officer Jamil Dhiaa M. sold 900 shares at $95.01 apiece. The transaction was valued at $85,510.
Valuation Metrics
Right now, Duke Energy Corporation (DUK) has a P/E ratio of about 17.74. The stock’s beta is 0.43. Besides these, the trailing price-to-sales (P/S) ratio of 2.44, the price-to-book (PB) ratio of 1.47.
The latest dividend of $1.0250 per share was paid out, which is 1.99% more than last year’s $1.0050. On Thursday July 13 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended March 30, Duke Energy Corporation’s quick ratio stood at 0.50, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.46, and the total debt-to-equity ratio was 1.61. On the profitability front, the trailing twelve-month gross margin is 63.90% percent. In the year ended March 30, EBITDA margin amounted to 40.01%, whereas operating margins totaled 22.20%. Based on annual data, DUK earned $6.01 billion in gross profit and brought in $28.77 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.60%. Return on equity (ROE) for the past 12 months was 5.00%.
In Duke Energy Corporation’s quarter-end financial report for March 30, it reported total debt of $67.06 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DUK’s revenue rose 10.67% to $7.97 billion during the quarter, while net income inched up to $6.98 billion. While analysts expected Duke Energy Corporation to report $1.26 quarterly earnings, the actual figure was $1.2 per share, beating the consensus estimate by -4.80%. During the quarter, the company generated $3.02 billion in EBITDA. The liabilities of Duke Energy Corporation were 126.88 billion at the end of its most recent quarter ended March 30, and its total debt was $77.06 billion. The value of shareholders’ equity is $770.65 million.
Technical Picture
This quick technical analysis looks at Duke Energy Corporation’s (DUK) price momentum. With a historical volatility rate of 15.24%, the RSI 9-day stood at 35.20% on 03 August.
With respect to its five-day moving average, the current Duke Energy Corporation price is down by -4.31% percent or -$4.07. At present, DUK shares trade -0.21% below its 20-day simple moving average and -2.65% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.74% below its SMA50 and +4.09% above its SMA200.
Stochastic coefficient K was 24.25% and Stochastic coefficient D was 37.81%, while ATR was 1.65. Given the Stochastic reading of 3.21% for the 14-day period, the RSI (14) reading has been calculated as 41.37%. As of today, the MACD Oscillator reading stands at -1.88, while the 14-day reading stands at -1.49.
Analyst Ratings
Goldman launched its rating on Duke Energy Corporation (NYSE: DUK) to a Neutral in a note to investors on June 08, 2023. Duke Energy Corporation (DUK) has been rated Overweight by analysts. According to 0 brokerage firms, DUK is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Duke Energy Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $102.50, the current consensus forecast for the stock is $90.00 – $120.00. Based on these forecasts, analysts predict Duke Energy Corporation (DUK) will achieve an average price target of $103.14.
